FTSE STI closed 2,851.64, up 4.03 points or +0.14% with a total volume of 991M and a total value of S$1.03b. Total number of advance vs decline was 203 vs 212. Of the 30 component index stocks, 15 closed positive, 14 closed negative and 1 remained unchanged. The top 5 gainer component stocks were :-
1. Jardine C&C +0.260
2. UOB +0.180
3. JSH 500US$ +0.160
4. CityDev +0.140
5. OCBC +0.120
The top 5 loser component stocks were :-
1. JMH 400US$ -0.200
2. DBS -0.100
3. F&N -0.060
4. HKLand US$ -0.050
5. NOL -0.040
US markets fell about 1.5% yesterday night as investors remained cautious of US Fed comment on the speed and status of the economy recovery with the European debt. Jobless claim dropped but durable order fell. Asian bourses taking the cue were on selling pressure for the day with Nikkei closed -1.92%, SSE -0.54% and HSI -0.21%. STI managed to buck the trend and close slightly positive in a thin volume trading day. In the afternoon, Singapore Government released a May manufacturing output of +58.6% on year, fastest on record, lays based for double-digit GDP growth in 2Q. This has lifted some bearish sentiment off the market a bit. Investors will be looking at over the weekend G20 meeting over the current European debt issue and global economy recovery measures.
